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week by talking foreign policy today and attacking president obama as simply not someone leading. >> i know the president hopes for a safer, freer, and more prosperous middle east allied with us. i share this hope. hope is not a strategy. >> we don't know if that line is going to work, but we know from new polls out today he's made significant headway since the debate. puts a lot of pressure on the vice presidential debate later this week. we'll talk about it at athe bottom of the hour. >> we will see you later on that very topic. also this evening, one battleground state, michigan, will vote on a state constitutional amendment to allowing collective bargaining, unlimited wage increases, and unchecked union power. michigan's governor rick snyder says how it will disrupt his state. they paid hundreds of thousands to a chicago consulting firm for training sessions where employees chant and i quote our forefathers were illegal immigrants. i think that whole story is an outrage. we begin with another monday in the red. the dow closed down 27 points. the naz was off 24. the s&p was down jus
has a few weeks left to go to reverse president obama's lead. president obama on the other hand did not always look so pleased to be challenged the way romney was challenging him. he did not make any big mistakes and one of the questions coming out of this debate, as good as republicans feel and as middling as testimonies feel about this performance, did it really do enough to change the dynamic in the race.feel about this performance, did it really do enough to change the dynamic in the race. next week it's paul ryan and joe biden. and then two more presidential debates. we'll watch the polls for see the impact. >> what was your verdict? we all have our own panel of strategists that will be coming up at 11:30 cet, that's 5:30 eastern. but we do want to hear from you, as well. what did you make of the debate and performance of each of the candidates? you can send us an e-mail at or via twitter, follow the sh show @cnbcwex. or tweet me directly. several of you already writing with your thoughts. @beccymeehan. let me know what you think about the u.s. presidential
probabilities of who's likely to be elected, president obama last week or so peaked at a 76% probability. this morning, it was down to 66% probability. romney moved up 10 percentage points. dan loeb on facebook had put last week out a note that you ought to buy the romney futures because they were so depressed. i don't know how the money works in that thing, but he made ten points on the upside. >> wonder what the capital gains treatment is on that. >> that's a good question. >> rick santelli, i haven't even talked about march you draghi. he had an impact on the markets early on today, didn't he? >> he definitely did. if i look at interest rate complex between the mario draghi influences, the euro rally. we saw interest rates on the safe harbors like ten-year notes move higher. the stocks really grasping in and getting close to triple digits has put the ten-year pretty much at the top of what has been an eight-trading day, 5 1/2 basis point closing range. the boon, which closed a bit ago, is in a 2 1/2 point basis range for seven trading days. it's somewhat amazing. the issue with draghi
needs an ally. >>> in a very hot video released this week by "the daily caller," president obama says the government short changed hurricane katrina victims. take a listen to this. >> what's happening down in new orleans? where's your dollar? where's your stafford money? makes no sense. tells me the bullet hasn't been taken out. tells me that somehow the people down in new orleans, they don't care about as much. >> let's listen how some of the media is reacting to this particular video. >> with the right wing's lame effort to cook up an october surprise in the election. "the daily caller" web site claimed they dug up a shocking new tape they call president obama's other race speech. it shows just how desperate the right wing is. >> obama has just been subject to the fox news treatment of angry black man again. >> this speech was covered in 2007. it was aired last night on the conservative media, fox's sean hannity, "the daily caller" web site. >> carson called this a bomb shell but a little reality here. this tape is not new. it was an open press event recorded in its entirety in 2007
obama and mitt romney have jabbed at each other from afar for weeks, but now they get to do it face to face as they get set tonight for their first debate. slipping growth hits home in china's resilient services sector. >>> and more signs of trouble for the spanish government as the latest figures show its corporate tax revenue has tumbled. mariano rajoy issues the latest denial that he's ready for a bailout. >>> we now have the latest numbers crossing for the eurozone services pmi. the september final services read coming in at 46.1. an improvement that we have seen from the 46 number. this is still the lowest level we're seeing since 2009. the forward indication 49.4. in terms of what we're seeing on the final comp sit pmi, this is above the 45.9 read that we have, but just a fraction below what we saw in august, the rate was 46.3 then. this is the lowest read since may 2009. in terms of new business number for the composite september rate, 43.8. we're still right back at some of these 2009 lows. >>> elsewhere, the numbers are not that much better. lisa has more on these numbers o
in honor of fire prevex week, president obama acknowledging his weak performance at last week's debate but was it enough to put out the flames? this is a lame pun. we hear from former pennsylvania governor ed rendell next and preview this week's vice presidential debate and later, leadership for a new generation a former apple executive who worked closely with steve jobs will join our guest host carly fiorina to talk test success and lessions learned. >>> time for your "squawk box" history lesson. what year did "squawk box" debut? logon and like the facebook page. we're posting classic moments all week long, receive updates and post your comments about the show. "squawk box" on cnbc, and on facebook. numbers... ...and listening to your instinct. duff & phelps finds the sweet spot that powers sound decisions. duff & phelps financial advisory and investment banking services. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people whi
on the president, puts pressure on the staff. so the next two weeks, not going to be fun in the obama camp but i would expect a sharper more offensive-minded debate. >> as you point out, you're dealing with an area where the headlines have not gone their way in the past month. dan, i loved having you on. we'll see you next time. >> good to see you. >> dan bartlett joining us from atlantic. ga gary cokaminsky. >> i'm here in the control room. i was watching like much of the viewers. meg whitman joined. a lot of people wondering why is the slot down again today? let me tell you. every time a ceo comes on the air there's anticipation that the ceo is going to say something to at least stop the selling. i'm going to explain why that was not the case. certainly as you know, miss whitman was really on message. she talked about the employees many times. she talked about all the new products. when she was asked specific success things about the business, she spoke about the great new products. you asked a fantastic question about the board of directors. i don't think she really answer thad question. as y
not unveiled any specific policies. will he or will he be an attack dog who hasn't eaten any dog food in a week? >> i think romney is going to be the one who is more aggressive tonight. i think he has a responsibility to do that because he's trailing in the polls. president obama, because he's ahead, he doesn't want to make any mistakes. but romney has the bigger challenge. he has to make an affirmative case for his presidency, not just why obama is bad, he has to fill in the blanks about which loopholes and deductions he's going to close. that 47% number hurt him so he has to show he cares and he has to distinguishes himself from george w. bush. >> that's a very key point. i'm going to revisit that point. >> and what is mitt romney's task, is it an overview, specifics on the tax front or does he defend himself on various gaffs? what is the key nut romney has to crack tonight? >> he has three things he has to do. he's a key debateor. the second thing is he will finally get the chance without the clutter of campaigns and attack ads to talk to the american people. this is mitt romney's chance and
with this debate this week. >> very interesting. thank you very much a reminder to all of you tomorrow, president obama, governor romney do kick off the first of three presidential debates and cnbc will carry it live. our coverage begins at 8 p.m. eastern time. it's your money, your vote. sue? >>> ty, the financial crisis haunting america's biggest bank, jpmorgan being sued by new york attorney general eric schneiderman, claiming that the bear sterns business that jpmorgan took over in 2008 defraud mortgage bond investors a are. our senior correspondent scott cone has been working on the case. scott? >> sue, under the head nothing good deed goes unpunished, if how you characterize the takeover of bear stearns, the federal government for the $10 a shake jpmorgan got not only bear stearns' assets but liabilities, including, authorities say responsibility four some of the most egregious conduct in the financial crisis you churning out residential mortgages by the thousands, bundling them into what the firm told investors were quality securities, knowing all along many of the mortgages were duds a sy
smart. ♪ . >> three months after supreme court justice moved to the right and passed obama care. pete williams has some details. >> reporter: larry, this is shaping up to be a court term dominated by civil rights beginning with a case that will be argued next week on affirmative action, colleges nationwide use it believing that a more racially diverse campus provides a better education. the court gave a green light to that practice seven years ago, but since then has become more skeptical. sandra day o'connor who has since left the court. the court will almost certainly hear a challenge to the voting rights act. the section that says states have to get federal permission before they make any changes to their elections if those states have a history of discrimination. the states say the map that's used to determine how they need to get that clearance is out of date and three years ago the court agreed with that. and almost certainly it will take up the challenge to the defense of marriage act. that's the act signed by president clint preside president clinton that says that -- >> many
obama among likely voters leads by three points, 49 to 46. that's down from a five-point edge that he had in our poll just about three weeks ago. if you also look at the nbc "wall street journal" maris swing state polls, he's pulled even with president obama in the state of florida. that's the biggest swing state, 29 electoral votes. if you go then to virginia, he's also pulled within two points in virginia. he had been down four or five before. the bad news for romney in these three polls is that in ohio, a state that is critical, romney strategists think they have to win florida and ohio to get to 270 electoral votes. he's still down eight percentage points, and what we've seen across these polls is that obama is increasingly competitive with romney on who would do best to handle the economy. but the fact that we've got a little bit of movement nationally and movement in florida and virginia tells me that there's still some play in this electorate, in this contest, and that's the hope for romney going into this debate tonight. >> what do you think happened in florida versus in ohio?
. republicans were thrilled with his performance. democrats were not so thrilled with president obama's performance. the question is going to be has mitt romney been able in a race where he's been clearly behind the president to hurt him enough and sustain that momentum over the next three weeks. that's what's really critical. there have been strong debates, john kerry had a strong debate against george w. bush in 2004. but he wasn't able to translate that into lasting benefit. that's the best of the next three weeks, to see whether romney can keep it going or whether president obama comes out with a higher level of aggression, higher level of energy in the next debate and stop the momentum that romney accumulated last night. >> okay. yeah, i had so many different thoughts, john, as we watched the whole thing. i remember that a lot of republicans were supporting newt gingrich because just for this moment, they wanted -- they thought newt was such a great debater, they wanted to see someone like newt talk to president obama about his policies and about the last four years. and they tho
higher, s&p 500 will open up higher as well. we've got a busy week ahead on the first day of october and the fourth quarter, first day of the new supreme court term and the first debate between president obama and gop challenger mitt romney, that's set for wednesday and wall street looking ahead to the september employment report, that's due out on friday morning. the international air transport association raised its industry profit forecast, expecting the airlines to make $4.1 billion, up from an earlier forecast of $3 billion but considerably less than last year's $8.4 billion figure. >>> general motors is recalling almost 41,000 cars sold in warm weather states, the recall is due to a plastic part that could crack and cause a fuel leak, the chevy cobalt and equinox and pontiac g5 and torrant suv sold through 2007-2009. >>> we'll go back to ross in a second but we are indicated higher here because of what's happening there, and i don't know if there's no riots, maybe that's it or it could be what we already talked about. >> the ryder cup victory? >> there were no french guys on th
about 4.3% or $11 -- $12.60. down about 11.5% for the week. rough week for chipotle. back to you. >> cover the kids' ears. "sesame street" is now a political football. mitt romney shot at funding pbs at wednesday's debate. >> today, president obama took it on as well. >> for all you moms and kids out there, don't worry, somebody is finally getting tough on big bird. rounding him up. elmo's got to watch out too. governor romney plans to let wall street run wild again, but he's going to bring down the hammer on "sesame street." >> i know everybody wants to be sympathetic to big bird and to "sesame street." i love the product. it was started the year i was born. >> thanks, bring that up. >> why does taxpayer money need to go to a product that is clearly so profitable? they have toys. they have games. they make money from licensing and revenue. why do taxpayers have to subsidize that? as a stand alone business, "sesame street" will do just fine. >> doesn't the profit from all those toys go to the nonprofit group? there's a children's television workshop that gets the money. >> they n
claims in last month's survey week. the ism jobs manufacturing is at a three-month high for that component. services was down in september but still above the 50 point. i don't think romney turns to obama and says we are doing gangbusters on jobs but they are in the 200,000 range. >>> housing the other part of the story. one more sign that the housing market may be creeping back. mortgage applications surging almost 17% last week. but as more people are looking to buy, that is not good news for the rental market. new numbers out today raising new questions about whether there will be enough demand for all of those new apartment buildings. diana olick joins us with some worrying new figures. diana. >> reporter: yeah, that's right, sue. apartment demand had been red hot but we've got new numbers out do that show we may have reached the peak. apartment vacancies are still coming down but now at the smallest rate in over two years. absorption of new units also slowing and rent gains coming way down as well. this is an avalanche of new apartments coming online, multi-family h
that we could have an electoral tie. highly unlikely. so i don't think the election's over. b obama has the lead. we still have a month to go. the next two weeks with three presidential, one vice presidential debates, we have a chance for mitt romney to set a different impression with the american people than he's been able to do so far. who knows what president obama will do and what events are happening in the world. but i'm not sure other than some tightening from a little surge that obama had which i think is receding a little bit, i'm not sure what nate is talking about. >> john, you wrote a column that talks about the debates and the impact of the debates traditionally. and made the case that traditionally it makes very little impact. >> there are many individual moments that make an impression. but to fundamentally change where a race is going is very rare and you need a combination of events. the example that i used in that piece, andrew, was 2000, al gore had a lead of about what president obama has now entering the debates against george w. bush. he had a reputation as a stron
the greek prime minister. next week sees the vice president presidential debate before we get two more presidential debates. one of the major issues is it that looming fiscal cliff. president obama challenged mitt romney on his plans for cutting the nation's debt. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. but it couldn't have been mitt romney because the real hit romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fell wloe on stage last night said he didn't know anything about that. >> the president's vision is trickle down government and i don't think that's what america believes in. i see instead a prosperity that comes through freedom. >> president of the committee for responsible federal budget, director of the fiscal policy program, as well, and joins us now. have you heard anything -- have you heard enough of of a commitment from either side of the aisle that you thought might actually work? >> well, what we didn't hear was enough specifics. so i think the g
to do. >> i asked you earlier in the week if it was a romney rally you said no. didn't have to argue this would be an obama rally. >> i would think so. same people who were trying to push the victory leading to the prices yesterday how do they figure the unemployment numbers here. so what we're really seeing and i wrote about it in my comments this morning, is we're still going by europe is driving the bus. and yesterday was moving up. could you see some romney influences? the coal companies that he mentioned and some of the health care people and you can see some of the obama influences. but that's kind of the backdrop. the reason why the numbers look disproportional says a blot our mrk markets being illiquid. >> what does it mean about merkel going to greece. is that pivotal? >> i'm not sure unless there's a surprise. poor greece is out there festering. everybody is concentrating on spain. greece has not been solved. would be good to solve it. but that doesn't change anything about spain which is a much bigger factor and spain brings in the challenge of italy behind it. so that the
's going to be less than that. i've been blogging and interviewing him for weeks and weeks to tell me and he drops that bomb before this local guy. >> he's getting so pressure to come out with specifics here. >> he's got to give specifics on loopholes and spending. but president obama has to give specifics too. we don't know where he's going in a second term. because he's never said. >> exactly. and he's not getting the pressure the way romney is. larry, we'll talk to you during the show. you're going to be here watching this debate and analyzing it. joining us now is ron paul. representative paul is a staunch critic of the fed. certainly fed jim bernanke and a big hawk about our deficit. good to have you on the program. >> thank you, maria. good to be with you. >> what are you expecting? do you think governor romney comes out swinging right off the bat? what do you think he is going to be pressured and asked about in terms of specifics on his economic plan? >> overall i don't expect a whole lot of specifics from either one. in the last several weeks the whole of the discussion has be
Search Results 0 to 18 of about 19